VIETNAM CONSTRUCTION INDUSTRY
While the Asian construction industry is showing signs of cooling down, the Chinese economic growth slowdown has indirectly impacted the construction industry of this country. A series of industries and input materials affected as cement, steel, … China accounts for a large proportion not only in the world construction industry but also in Asia so China’s influence on the market. School building area is huge. Meanwhile, in Europe and North America, the Construction market continued to remain unchanged, not growing for many years, due to the unstable economic situation in Europe and unsustainable recovery.
Vietnam is one of the most attractive destinations for retailers in Southeast Asia due to the booming economy. With an export-oriented economy, with exports accounting for a significant portion of 80% of nominal GDP, Vietnam is attracting a large and growing amount of foreign investment. With increasing demand for land and industrial plants, this segment will continue to be an attractive investment channel.
In the first 9 months, the retail market in Hanoi was gloomy, no new projects were launched, the operation situation did not change much compared to Q4 / 2018, while the HCMC market. HCM continues to increase retail supply, rental rates as well as occupancy rates are improved.
In the first 9 months of 2019, while the market for apartments for sale in Hanoi was active from abundant new supply to sales, the HCMC market. Ho Chi Minh City again reduced supply as well as sales due to limited land. However, the asking price of the city. Ho Chi Minh City increased sharply in Q3 / 2019 due to a number of high-end projects launched
In the transport infrastructure, roads and bridges lead to a contribution to the total value of the transport infrastructure industry, accounting for 56% of the total value in 2016. Vietnam’s seaport network includes consisting of many small and medium units, with inefficient distribution. The airport system in Vietnam is mostly operating below capacity